Sunday, October 27, 2013

Grenada looking to lower Income Tax Threshold to stimulate growth

Grenada is preparing to lower the income tax threshold and make new efforts to catch tax dodgers.

The Caribbean nation's state-run news agency said Sunday that Prime Minister Keith Mitchell is expected to announce the new tax measures during a national address this week.

Mitchell recently traveled to the U.S. to meet with representatives of the International Monetary Fund (IMF) and the World Bank to discuss Grenada's economy and debt burden. The island-nation is planning a debt

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